Tax Rates & Deadlines Don't miss any deadlines by marking important dates on your calendar. Find due dates for important license renewals, tax statements, and reporting forms. Page Content Business License Important Dates and Deadlines Annual Business License Term January 1 - December 31 Business License Annual Renewal Period January 1 - March 1 Rates Business Type Rates ANY business (except Peddlers and other flat rate licenses) with gross receipts of $0 up to $25,000 $40 for gross receipts not exceeding $25,000 ANY business (except Peddlers and other flat rate licenses)with gross receipts of $25,001 up to $100,000 $50 for gross receipts not exceeding $100,000 Peddlers and other flat rate licenses (Amount is determinedby activity and quantity) $50 - $500 Businesses with gross receipts exceeding $100,000 pay the following rates: Business Type Rates Contracting .0016 x gross receipts Professional .0058 x gross receipts Retail .0020 x gross receipts Service .0036 x gross receipts Wholesale .0012 x gross purchases Business Property Important Due Dates and Deadlines Business Property Returns Deadline March 1 Business Property Assessed on Calendar Year Billed in May Business Property Tax Due June 5 Rates Property Type Rates Business (Tangible Personal) Property $4.00 per $100 Manufacturing Machinery & Tools One millionth of one cent ($0.000001) per $100 Contact InformationEconomic Development(757) 385-6464ecdev@vbgov.com (757) 499-9894http://www.yesvirginiabeach.com Business Steps Considering Starting Operating Expanding Resources Helpful Links The HIVE